RCM Technologies, Inc. (RCMT) Stock Falls Amid Market Uptick: What Investors Need to Know

Company Performance - RCM Technologies, Inc. (RCMT) experienced a decline of 1.1% in its stock price, closing at $19.83, underperforming the S&P 500 which gained 1.97% on the same day [1] - Over the past month, RCM Technologies' shares have depreciated by 0.25%, outperforming the Business Services sector's loss of 7.91% and the S&P 500's loss of 1.49% [1] Upcoming Earnings - The company is expected to report earnings per share (EPS) of $0.58, reflecting an increase of 18.37% from the same quarter last year [2] - Revenue is projected to be $81.9 million, indicating a 6.49% increase compared to the same quarter of the previous year [2] Full Year Estimates - For the full year, analysts expect earnings of $2.32 per share and revenue of $314.83 million, representing changes of +14.29% and +13.09% respectively from the previous year [3] Analyst Forecasts - Recent revisions to analyst forecasts for RCM Technologies are important as they reflect near-term business trends, with positive changes indicating analyst optimism regarding the company's profitability [4] Valuation Metrics - RCM Technologies has a Forward P/E ratio of 7.86, which is lower than the industry average Forward P/E of 14.45, suggesting that the company is trading at a discount [7] - The Staffing Firms industry, part of the Business Services sector, currently holds a Zacks Industry Rank of 201, placing it in the bottom 18% of over 250 industries [7]